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Manitex International, Inc. Message Board

fuquamarine 11 posts  |  Last Activity: May 14, 2015 9:54 PM Member since: Jun 28, 2012
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  • Reply to

    My $.02 worth

    by gawepearson May 13, 2015 2:06 PM
    fuquamarine fuquamarine May 14, 2015 9:54 PM Flag

    I'm of the view that this is a great buying opportunity and have added 5000 shares the last 2 days.

    David and Andrew have a track record of successfully integrating past acquisitions and squeezing more revenue out of the new assets then their past performance. They have weathered much more difficult times in 2008-2009 and this is an over reaction to fears of overexposure to the oil segment, absorption of one time costs and less than a quarter spent integrating and getting the costs of the new acquisitions under control.

    I always feel comfortable knowing that David has 5% of the float so obviously hes making decisions that he thinks will increase his own long-term value as well as ours. They know they have to be internally focused and I expect the next few quarters to be big improvements.

  • Reply to


    by chumpbuttsmeller Aug 13, 2013 11:28 AM
    fuquamarine fuquamarine Aug 14, 2013 9:14 AM Flag

    You dont have to defend mntx to me, I've been in and out since 2.10. sometimes you have to learn to separate short term market fluctuations from your assessment of the company.

    I bought back in early summer last year in the high 8s when I could have been getting more shares in the 6s and 7s.

    Sentiment: Hold

  • Reply to


    by chumpbuttsmeller Aug 13, 2013 11:28 AM
    fuquamarine fuquamarine Aug 13, 2013 1:18 PM Flag

    Should wait, its going to go lower before higher. I'm also surprised nobody on this forum noticed the increase of short interest reported on July 15th to around 500k shares, highest I've ever seen it on MNTX.

  • Reply to

    MNTX Files first quarter 2013 results

    by eroc625 May 8, 2013 4:15 PM
    fuquamarine fuquamarine May 8, 2013 6:03 PM Flag

    I think the drop in backlog is expected and ok... they are just converting the orders into revenue at a much faster rate with last year's expansion of manufacturing capacity, I'm more concerned with the temporary margin reduction.

    Also, I'm happy with the new 70 ton crane.. nothing really worries me with Andrew and David I know they will make right moves for the company and produce good long term value/growth.

    Any of the regulars have a take on price action from here? I see this as a confirmation of the long term trend and should mean some new institutional buying before the usual fall slide..

  • Reply to

    350 million forward 2013 WOw!

    by qcrkirk Mar 11, 2013 4:54 PM
    fuquamarine fuquamarine Mar 12, 2013 1:21 PM Flag

    LOL, I was just going to ask him when and for how much be bought TEX. I paid 2.05 for my MNTX and I think TEX is a great company but in the same period the returns I would have achieved were about 300% lower I had bought and held TEX on the same day. I'm not sure how TEX is perceived as less risky?

    Can you please explain James in both a qualitative and quantitative fashion why you believe that sans Ad Hominem attacks? Or are you lazy?

    Sentiment: Strong Buy

  • Reply to

    It's too bad....

    by critters82 Mar 11, 2013 9:30 PM
    fuquamarine fuquamarine Mar 11, 2013 11:51 PM Flag

    Honestly, the financials have been doing nothing but improving and there is a lot more room than $14 between now and 2015.. the 350 million in sales is a CONSERVATIVE estimate from the management team w/out acquisitions.

    "Working capital has increased $20.4 million from December 31, 2011. The principal movements have been a net increase of cash of $0.9 million, and receivables and inventory of $31.3 million, being partially offset by increased accounts payable, accrued expenses and other current liabilities and short-term notes payable totaling $11.9 million. This increase in working capital helped support year-over-year growth of 44% in revenue.

    Our current ratio of 2.4 and our other working capital ratios remain strong as we move through this growth pace. Inventories increased since the end of 2011, as we've ramped up production at our operations and the supply chain has responded to our scheduled increases. Raw material includes inventory truck chassis which has allowed us to improve production throughput by reducing the impact of delayed deliveries from manufacturers. Increased working process and finished goods reflects the improvements of the pipeline of product shipment in the next quarter as some of the longer lead times in the backlog prepare to ship.

    Slide 9 shows our capitalization and liquidity position. Total debt increased in the year by approximately $6.9 million or $5.1 million net of cash. The composition of this, however, is now quite different, since during the year, we were paid $6.6 million of long-term, mostly acquisition-related debt but expanded our short-term revolver-based debt to support the growth increase. 2012 EBITDA was $18 million, equal to 8.7% of sales, which provides a strong interest coverage ratio of 7.3x, and at December 31, 2012, our debt-to-EBITDA ratio have improved to 2.7x, from 3.8x a year ago. "

    Sentiment: Strong Buy

  • fuquamarine fuquamarine Feb 20, 2013 2:51 AM Flag

    Actually, positive flow of $15.23 M today with buying pressure...

    If you had a brain you would realize posting and trying to influence a tiny portion of retail investors who are already a tiny slice of the action is a complete waste of time.

    How much you paid per post?

    Sentiment: Buy

  • Reply to


    by qcrkirk Feb 9, 2013 12:27 AM
    fuquamarine fuquamarine Feb 18, 2013 12:56 AM Flag

    If you follow the chart with institutional investors taking positions in Q1/Q2 I think we top out at 12-16 this year and retrace in the fall to 10-12 before pushing back up next year to new levels.. provided nothing changes earnings wise..

  • Reply to

    My recipe to become a 3D Millionaire

    by ogewen Feb 18, 2013 12:11 AM
    fuquamarine fuquamarine Feb 18, 2013 12:52 AM Flag

    I've just jumped in 522 shares @ about 59.25 a share.. love the 25% short float...

  • Reply to

    I just placed my short of 4000 shares at 9.32

    by jeanngatcha10 Jun 6, 2012 11:59 AM
    fuquamarine fuquamarine Jul 9, 2012 10:19 AM Flag

    There were 360,000 shares short as of June 1, and there are 320,000 shares short now roughly. Should be really interesting. While there is tons of volatility and money to be made shorting I hope those who really understand this company don't think its a long term position.

    Long over 7K shares since 2.05 and #winning.

  • Reply to

    If you find me

    by truth8360 Jun 27, 2012 12:35 PM
    fuquamarine fuquamarine Jun 28, 2012 3:21 AM Flag

    I think you forgot to switch your login before replying to yourself.

    *thumbs up*

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